Noble Senior Housing Inc

Analysis

Noble Senior Housing Inc is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Noble Senior Housing Inc reported income of $191k and spending of $229k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $191k (+22%), an average of +5.0% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Noble Senior Housing Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Memorial Hall Housing Inc ($191k), Homes for the Exceptional IV Inc ($192k) and Burcham Hills Foundation ($191k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.1m against liabilities of $1.8m, net assets of -$641k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.